Travel expense .
60 . Operational audits of cash management seek to identify areas in which cash management may be improved to contribute to the overall profitability and effectiveness of the organization . The internal auditor would use which of the following procedures on an operational audit of cash ? ( Points : 4 ) determine the compliance of treasury activities with company policy review procedures for identifying and investing excess funds review procedures for handling cash receipts all of the above
61 . Which represents the most significant risk associated with restructuring liabilities on the financial statements ? ( Points : 4 ) Future smoothing of income by releasing the reserves . Related party transactions that are not recorded at arms-length . Understatement of assets in the period of recording the liabilities . Payroll liabilities that are not disclosed in the notes .
62 . All of the following are significant issues for consideration when auditing for the impairment of goodwill , except ( Points : 4 ) timing of the assessment by management . amortization in years of the goodwill . clear objective evidence supporting the assessment . understanding the client ' s business and its risks .
63 . Simco ' s shaving products division was acquired over ten years ago in a purchase transaction by BlizzardCraft . The related goodwill was